American airlines announces proposed offering of senior secured notes and new term loan

Fort worth, texas, june 21, 2020 (globe newswire) -- american airlines, inc. (nasdaq: aal) (the “company”) today announced a proposed private offering of $1.5 billion aggregate principal amount of secured senior notes due 2025 (the “notes”). the notes will be guaranteed on a senior unsecured basis by american airlines group inc. (the “guarantor”). the company also announced it intends to enter into a new $500 million term loan b facility due 2024 (the “term loan”) concurrently with the closing of the offering of the notes.
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